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BPM Market Will Reach USD 7 Billion Globally by 2018: ResearchMoz.us

ResearchMoz include new market research report"Business Process Management (BPM) Market Shares, Strategies, and Forecasts, Worldwide, 2012 to 2018" to its huge collection of research reports.

Albany, NY -- (SBWIRE) -- 02/05/2014 -- Consideration of Business Process Management (BPM) Market Forecasts indicates that markets at $2.6 billion will reach $7 billion by 2018. Growth comes as automation of process adapts more efficiently to collaboration between people and provides interactive process based on exception management.

According to Susan Eustis, lead author of the WinterGreen Research team that prepared the study, “Cloud computing and smart devices represent the major forces impacting business process management (BPM) markets. As the enterprise managers work to implement apps that make automated process more responsive to the needs of customers, partners, suppliers, and distributors, people use business process management (BPM) as the tools to help workers.”

Business process management software is achieving the ability to connect people across applications within the siloed lines of business software capability. As enterprises realize that automation of process is key to market growth BPM is creating new market opportunities.

Innovation depends on process automation. BPM software is critical to enabling solutions. Software is a strategic business asset used in every industry at every level. Software is necessary to provide automated process.

IBM gained two points of market share in BPM platforms as WebSphere extended its functionality to encompass cloud and more of the process interactions that occur on an everyday basis in an enterprise. IBM is positioning to let people connect across the lines of business from within the business process applications.

This ability to connect immediately is improving productivity. If the shipping department needs to talk to the order department, that can be done form within the business process management application.

Messaging and collaboration are key aspects of Business Process Management (BPM) making processes more efficient. When people can work things out as a problem occurs, then the delays are eliminated and the business runs far more efficiently.

Business process management software is achieving the ability to connect people across applications within the BPM software capability. As enterprises realize that automation of process is key to market growth BPM is creating new market opportunities. Innovation depends on process automation. BPM software is critical to enabling solutions. Software is a strategic business asset used in every industry at every level. Software is necessary to provide automated process.

IBM gained two points of market share in BPM platforms as WebSphere extended its functionality to encompass cloud and more of the process interactions that occur on an everyday basis in an enterprise. IBM is positioning to let people connect across the lines of business from within the business process applications. This ability to connect immediately is improving productivity. If the shipping department needs to talk to the order department, that can be done form within the business process management application.

Messaging and collaboration are key to making process more efficient. When people can work things out as a problem occurs, then the delays are eliminated and the business runs far more efficiently.

Consideration of Business Process Management (BPM) Market Forecasts indicates that markets at $2.8 billion will reach $8.3 billion by 2019. Growth comes as automation of process adapts more efficiently to collaboration between people and provides interactive process based on exception management.

According to Susan Eustis, lead author of the WinterGreen Research team that prepared the study, "Cloud computing, mobile computing, and smart devices represent the major forces impacting business process management (BPM) markets. IBM and others are leveraging patterns to gain competitive advantage in enterprise BPM markets. Managers use large BPM systems and small and mid-size business use the BPM cloud."

Global Business Process Management (BPM) Platform as a Service (PaaS) market to grow at a CAGR of 25.7 percent over the period 2011-2015. One of the key factors contributing to this market growth is the need for a quick response to changing business requirements. The Global BPM PaaS market has also been witnessing the emerging hybrid approach to cloud PaaS solutions. However, lack of common understanding of the software could pose a challenge to the growth of this market.

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